Cutters kit Corporation manufactures a propeller. Shown below is Cutterski's cost structure: Variable cost per propeller Total fixed cost for the year Manufacturing cost $114 $810,000 Selling and administrative expense $20 $243,000 In its first year of operations, Cutter ski produced 60,000 propellers but only sold 54,000.
What would Cutterski report as its cost of goods sold under absorption costing?
$6,966,000
$6,885,000
$6,156,000
$8,208,000